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Second Sight Medical taps Blake as CFO | Personnel Moves – March 27, 2018

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Second Sight Medical (NSDQ:EYES) said last week it named John Blake as its new chief financial officer, succeeding Thomas Miller who has held the position since 2014. Before joining Second Sight Medical, Blake acted as finance senior VP at Tyr Pharma, and has held positions with Volcano Corp and BD Biosciences, the company said. Blake worked with […]

Appetite for Acquisition: Stryker CEO Lobo says medical device company is in the hunt | Wall Street Beat

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MassDevice.com Wall Street Beat

Stryker (NYSE:SYK) CEO Kevin Lobo told an investors conference audience in Las Vegas yesterday that the medical device company is still in the mergers & acquisitions hunt, even after its newsmaking buyouts of China’s Trauson Holdings, Israel’s Orthovita and Surpass Medical.

Stryker: Acquisitions helped boost top, bottom lines

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Stryker logo

Although it posted healthy sales and profit growth last year, Stryker Corp. (NYSE:SYK) was a penny shy of analysts’ forecasts for adjusted earnings per share, which usually sends investors into a selling spree.

But the Kalamazoo, Mich.-based device maker bucked the trend, as Wall Street sent SYK shares up 3.8%, to $54.94, in early-afternoon trading as of about 2 p.m. today.

Stryker posted $8.31 billion in sales for 2011, 13.5% more than the $7.32 billion it brought in during 2010.

Stock bulletin: Hedge fund billionaire bets big on Orthovita | Funding Roundup

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Funding

Mario Gabelli, one of the world’s wealthiest men, revealed 5.42 percent ownership in Orthovita Inc. (NSDQ: VITA) just days before Stryker Corp. (NYSE:SYK) launched its tender offer for the Malvern, Pa.-based orthopedic biologics maker.

Stryker CEO MacMillan bullish on the future at analyst meeting

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Stryker logo

Stryker Corp. (NYSE: SYK ) CEO Stephen MacMillan took time out to tout his company’s resilience at an analyst meeting in New York Wednesday.

MacMillan said the Kalamazoo, Mich.-based orthopedic and medical equipment giant has proven its mettle in tough times, something he said would allow it to continue to perform, despite struggles in the orthopedic industry.

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